Is the Free Market Dead?

Wall Street Bail out:
So the U.S. tax payer has bailed out Wall Street. We gave them money to fix the liquidity issue. The banks are hording the money and not leading. Not good.

Auto Industry Bail out:
GM stock now has a possible stock share value of $0 and will be out of cash in December. They need a government bail out to survivie.

Homeowner Bail out:
Today it was reported on MarketWatch:

“Modifications could include deferring some of the principal owed, lowering interest rates or extending maturities to as much as 40 years. The process will be streamlined and uniform…”

“Under the new program, mortgages on owner-occupied homes that are at least 90-days past due with a loan-to-value of 90% or more will be eligible for the streamlined modification. Homeowners who owe more on their home than it is worth will be eligible.”

Not sure what’s next, the Student Loan market? And I am not sure where all this bail out money is coming from.

It seems our modern day politicians have forgotten about the Free Markets.

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